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South Korean Regulators, Ministries ‘At Odds Over Strategic Bitcoin Reserves’

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South Korean regulators and government ministries are divided over whether the country should create a strategic Bitcoin reserves, a senior lawmaker has claimed. Per the South Korean media outlet News Who Plus, the Democratic Party MP Ahn Do-geol claimed that “every government agency has a different position on virtual asset reserves.” South Korean Strategic Bitcoin […]

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Man Faces 10-Year Sentence for Stabbing Crypto CEO in South Korean Court

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A South Korean man who attacked a crypto executive with a weapon during a courtroom trial could be sentenced to 10 years in prison. Prosecutors have sought this sentence for the individual, identified as Mr. Kang, who was charged with attempted murder and disrupting courtroom proceedings after stabbing Mr. Lee Hyung-soo, the CEO of Haru

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South Korea Cracks Down on Unregistered Overseas Crypto Exchanges

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South Korean financial authorities are cracking down on unregistered overseas cryptocurrency exchanges targeting Korean users. Enforcing the Specific Financial Information Act South Korean financial authorities are escalating their efforts to regulate the domestic cryptocurrency market by targeting overseas virtual asset exchanges that operate without proper registration. According to a local report, the Financial Intelligence Unit

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BitMEX, KuCoin Among Exchanges Reportedly Facing Sanctions in S. Korea: Here’s Why

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South Korean financial authorities are considering imposing sanctions on several crypto exchanges that have failed to comply with local regulations. According to a report from local media Korea Economic Daily, the crypto exchanges include BitMEX, KuCoin, CoinW, Bitunix, and KCEX. S. Korea to Sanction Crypto Exchanges The Financial Intelligence Unit (FIU) of South Korea’s Financial

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South Korean Teacher Jailed for Stealing Students’ Money to Buy Crypto

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A South Korean court has jailed a teacher who stole money from students and their parents to “squander” on crypto purchases. Per the South Korean media outlets Jeju Sori and Newsis, the a branch of the Jeju District Court, on the island province of Jeju, rejected an appeal from the teacher – unnamed and aged

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Bank of Korea Dismisses Bitcoin Reserves, Cites Volatility Concerns

Leave a Comment / Bitcoin (BTC), Crypto News, South Korea / best time

The Bank of Korea has stated it has not considered adding bitcoin ( BTC) to its foreign exchange reserves, emphasizing the need for extreme caution on this matter. Volatility: Crypto’s Achilles Heel The South Korean central bank has stated that it has not explored adding bitcoin ( BTC) to the country’s foreign exchange reserves. Responding

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South Korea to Trial CBDC With 100,000 Users and 7 Banks

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South Korea’s CBDC pilot will involve seven major banks issuing deposit tokens, enabling 100,000 participants to make digital payments at top retailers like 7-Eleven, Hyundai Home Shopping, and Kyobo Bookstore. South Korea’s CBDC Pilot to Test Deposit Tokens in Real-World Transactions South Korea’s central bank, the Bank of Korea (BOK), is gearing up to launch

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